I recently met with one of the female CEOs in whom I’ve invested to encourage her to apply for the MergeLane accelerator. I encouraged her to apply because she is an exceptional entrepreneur who has been making impressive progress with her business. She asked me a great question: “As an investor in our company – a company that has already raised angel capital – why do you think we should join an accelerator?” I wanted to share my thoughts.
Here’s why I, as an investor in her company, think she should apply. I hope my perspective will help other entrepreneurs and angel investors understand why MergeLane might make sense for post-angel raise, and other later entrepreneurs:
To sum up, I think top accelerators – including MergeLane – can materially advance the progress of any company that is wired for success and is facing a crucial milestone in their business. Whether it’s the first seed round, last venture round, expansion of sales or a company re-invention, I think a solid accelerator experience can deliver tremendous value.
I tried for many years to maintain a jam-packed schedule with zero margin for error, but life never seems to fit into perfectly scheduled boxes. After a straw-that-broke-the-camel’s-back moment, I’m learning to live off of the brink of disaster.
Read more ➞I've spent more time than necessary on our fund administration and reporting, in part because of some of the easily avoidable administrative mistakes I’ve made over my 10-year journey as a startup investor.
Read more ➞Over these past two months and throughout all of 2020, I've learned something that I want to record to make sure that I remember: My anxiety about the potential outcomes is almost always worse than the actual outcome.
Read more ➞In this second episode of a new series to feature startups sourced from our Fund81 VC forum members’ portfolios, I interviewed Alaffia Technology Solutions nominated by the Hustle Fund.
Read more ➞